The GP Eco Solutions IPO started on June 14, 2024, and ended on June 19, 2024. Shares were allocated on June 20, 2024, and refund processes began on June 21, 2024. On June 21, 2024, the shares were credited to investors demat accounts. GP Eco Solutions was officially listed on the stock exchange on June 24, 2024.
During the IPO, GP Eco Solutions offered shares at a price range of ₹90 to ₹94 per share, and the lot size was 1200 shares. The total issue size was ₹30.79 crores, with ₹30.79 crores from new shares. The IPO was listed on the NSE SME.
Regarding share reservations, 50% of the shares were allocated to Qualified Institutional Buyers (QIB), 15% were reserved for Non-Institutional Investors (NII), and 35% were set aside for retail investors.
GP Eco Solutions IPO Subscription Update Video
GP Eco Solutions IPO Subscription Status
The GP Eco Solutions IPO on June 19, 2024 was subscribed 856.21 times, with the retail category being subscribed 793.20 times, the NII (Non-Institutional Investor) category being subscribed 1,824.87 times, the QIB (Qualified-Institutional Buyers) category being subscribed 236.64 times.
| Category | Subscription |
| QIB | 236.64x |
| NII | 1,824.87x |
| Retail | 793.20x |
| Total | 856.21x |
GPES Solar IPO Basic Details
| Company Name | GP Eco Solutions India Limited |
| Domain of Company | Solar Sector |
| GP Eco Solutions IPO Open Date | June 14, 2024 |
| GP Eco Solutions IPO Close Date | June 19, 2024 |
| GP Eco Solutions IPO Allotment Date | June 20, 2024 |
| GP Eco Solutions IPO Listing Date | June 24, 2024 |
| Face Value | ₹10 per share |
| Price | ₹90 to ₹94 per share |
| Lot Size | 1200 Shares |
| Issue Size | 3,276,000 shares of ₹10 (aggregating up to ₹30.79 Cr) |
| Fresh Issue | 3,276,000 shares of ₹10 (aggregating up to ₹30.79 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Company Promoters | Mr. Deepak Pandey, Mrs. Anju Pandey, and Mr. Astik Mani Tripathi |
About GP Eco Solutions India Limited
GP Eco Solutions India Limited, founded in 2010, specializes in solar inverters and solar panels.
The company provides comprehensive solar energy solutions, including engineering, procurement, and construction (EPC) services for both commercial and residential customers. Additionally, it offers hybrid solar inverters and lithium ferro-phosphate (LFP) batteries under its own brand, “Invergy,” which also manufactures these products.
GP Eco Solutions is an authorized dealer for Sungrow India Pvt Ltd in North India, providing solar inverters. It also partners with Saatvik Green Energy Private Limited and LONGi Solar Technology Co Ltd to offer solar panels in the region.
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GPES Solar IPO FAQs
What is the start and end date of GP Eco Solutions IPO Subscription?
The GP Eco Solutions IPO started on June 14, 2024, and ended on June 19, 2024.
When does GP Eco Solutions IPO Subscription open?
The GP Eco Solutions IPO open on June 14, 2024.
When does GP Eco Solutions IPO Subscription close?
The GP Eco Solutions IPO Close on June 19, 2024.
What is the allotment date of GP Eco Solutions IPO?
The allotment date for GP Eco Solutions IPO is June 20, 2024.
When is the initial refund date of GP Eco Solutions IPO?
The initial Refund date for GP Eco Solutions IPO is June 21, 2024.
When were the shares credited to investors demat accounts for the GP Eco Solutions IPO?
The shares for the GP Eco Solutions IPO were credited to investors demat accounts on June 21, 2024.
When will GP Eco Solutions IPO be listed on the stock market?
GP Eco Solutions IPO stock market will be listed on June 24, 2024 at 10 am.
What was the price range of the GP Eco Solutions IPO shares?
The GP Eco Solutions IPO shares were offered at a price range of ₹90 to ₹94 per share.
What was the lot size for the GP Eco Solutions IPO shares?
The lot size for the GP Eco Solutions IPO shares was 1200 shares.
What was the total issue size of the GP Eco Solutions IPO?
The total issue size of the GP Eco Solutions IPO was ₹30.79 crores.
How were the shares allocated among different types of investors for the GP Eco Solutions IPO?
50% of the shares were allocated to Qualified Institutional Buyers (QIB), 15% were reserved for Non-Institutional Investors (NII), and 35% were set aside for retail investors.
On which stock exchanges was the GP Eco Solutions IPO listed?
The GP Eco Solutions IPO was listed on the NSE SME.
What is the GP Eco Solutions IPO Subscription Status?
GP Eco Solutions IPO is subscribed 856.21 Times.
